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TD Magazine Article

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Workforce Development

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Thu Dec 01 2005

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The article focuses on the changing nature of workforce development in organizations. With markets and needs constantly changing, companies must also anticipate the supply and demand of human infrastructure and skilled workers. According to Brian Kramer, program director for workforce development at IBM, skilled people are a critical raw material. Further, with the aging of the workforce, the impact of baby-boomer retirement and the need to retain their knowledge and skills, the sense of urgency has grown. IBM has been providing workforce development services to national, state, and local governments for about six years and the company also participates in public-private workforce development partnerships to train and deliver skilled workers for deliberately identified needs. According to a recent analysis of data from participating countries by the Organization for Economic Cooperation and Development during a 35-year period, investments in human capital, such as education and skills training, produce three times more economic growth than do investments in the physical infrastructure.

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Workforce Development

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